Feeder Cattle
Technicals (August): Feeder cattle were able to rally yesterday, despite the strength we saw in the corn market. This is a silver lining for the Bull camp. Trendline resistance from the February highs has been stout, that comes in near 174. IF the Bulls can chew through this level, we could see a run at the 100-day moving average. Grain markets are firm in the early morning trade, this may act as a headwind on the open.
Resistance: 174.00-174.30***, 176.75-177.075***
Pivot: 171.50-171.75
Support: 170.225**, 165.70-166.15**, 162.80-163.30***
Technicals (August): Feeder cattle were able to rally yesterday, despite the strength we saw in the corn market. This is a silver lining for the Bull camp. Trendline resistance from the February highs has been stout, that comes in near 174. IF the Bulls can chew through this level, we could see a run at the 100-day moving average. Grain markets are firm in the early morning trade, this may act as a headwind on the open.
Resistance: 174.00-174.30***, 176.75-177.075***
Pivot: 171.50-171.75
Support: 170.225**, 165.70-166.15**, 162.80-163.30***
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.